Core Insights - The company reported a net loss of $10,816 thousand for the three months ended December 31, 2023, compared to a profit of $9,785 thousand for the same period in 2024, indicating a significant turnaround in financial performance [3] - Non-GAAP net profit for the three months ended December 31, 2023, was $12,555 thousand, which increased to $22,068 thousand in 2024, reflecting a strong growth trajectory [4] - The non-GAAP net margin improved from 19.5% in 2023 to 26.9% in 2024, showcasing enhanced operational efficiency [4] Financial Performance - The net margin for the three months ended December 31, 2023, was -16.8%, while it improved to 11.9% in 2024 [3] - For the year ended December 31, 2023, the company experienced a net loss of $60,315 thousand, which turned into a profit of $4,997 thousand in 2024 [3] - The weighted average number of ordinary shares used for computing non-GAAP net profit per share increased from 557,103,923 in 2023 to 587,987,654 in 2024 for basic shares [5] Shareholder Metrics - Non-GAAP net profit per share attributable to ordinary shareholders was $0.02 for basic shares in 2023, increasing to $0.04 in 2024, and for diluted shares, it remained at $0.02 in 2023 and increased to $0.04 in 2024 [7] - For the year ended December 31, 2023, the non-GAAP net profit per share was $0.04 for basic shares and $0.03 for diluted shares, which rose to $0.13 for both categories in 2024 [7]

Core Viewpoint - Tuya Smart is integrating its AIoT platform with advanced AI models like DeepSeek to enhance smart devices, transforming them into "active intelligence" and unlocking the potential of AI applications in various sectors, particularly in pet care [1][2]. Group 1: AI Integration and Market Potential - The integration of Tuya's AIoT platform with DeepSeek's AI capabilities is expected to significantly impact the pet care industry, driving innovations and accelerating the adoption of AI-driven solutions [3][7]. - The global pet economy is projected to grow over 45% in the next six years, with revenues expected to exceed $500 billion by 2030, indicating a substantial market opportunity for AI-driven pet products [4]. Group 2: Challenges in Current Smart Pet Products - Despite the growth in the pet economy, the market for smart pet products suffers from functional homogeneity, with many devices offering only basic monitoring features, leading to low user satisfaction in critical areas like health management and behavioral analysis [5][6]. Group 3: Transformative Innovations in Pet Care - The collaboration between Tuya and DeepSeek aims to shift from "single-device networking" to a fully interconnected ecosystem, enhancing the interaction between pets and owners through proactive care solutions [7][11]. - Future innovations include advanced AI hardware capable of detecting emotional cues in pets, such as a brainwave translation collar that interprets a pet's emotional state and provides personalized care recommendations [12][13]. Group 4: Vision for Future Pet Technology - Proposed innovations like the Dream Projector and AI Gene Feeder aim to redefine pet care by addressing emotional well-being and optimizing nutrition based on genetic profiles, respectively [14][15]. - The Odor Socializer is designed to enhance social interactions for urban pets, allowing them to engage with virtual companions and identify playmates nearby, thus enriching their lives [16]. Group 5: Industry Implications - By embedding DeepSeek's AI into the pet industry, Tuya is positioning the sector as a dynamic proving ground for AI technology, creating opportunities for developers and raising consumer expectations for intelligent pet care [17].

Core Viewpoint - Tuya Inc. is set to report its fourth quarter 2024 unaudited financial results on February 26, 2025, before market opening [1] Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 08:00 A.M. Eastern Time on February 26, 2025 [2] - Participants must complete an online registration process to receive dial-in information and a unique PIN for the call [2][3] Company Overview - Tuya Inc. is a leading global cloud platform service provider focused on building a smart solutions developer ecosystem [4] - The company offers a purpose-built cloud developer platform with capabilities in cloud and generative AI, providing a full suite of services including PaaS and SaaS [4] - Tuya has activated a global developer community that includes brands, OEMs, AI agents, system integrators, and independent software vendors, promoting a smart solutions ecosystem based on principles of green and low-carbon, security, high efficiency, agility, and openness [4]

Core Insights - Tuya Smart has integrated Mistral AI's Le Chat model into its Cloud Developer Platform, marking a significant step in AI hardware innovation and commercialization in Europe [1][10] - Mistral AI's Le Chat has gained popularity in France, indicating a breakthrough for European technology in the global AI landscape [2][3] - The European AI hardware market is experiencing rapid growth, with a year-over-year increase of 217% in 2024, highlighting the demand for AI hardware solutions [7] Company Developments - Tuya Smart is committed to expanding its presence in Europe by forming partnerships with leading brands like Schneider and Danfoss, aiming to create a smart hardware ecosystem [4] - The integration of Mistral AI allows Tuya to ensure compliance with stringent European data security regulations, addressing consumer concerns about data privacy [6][10] - Tuya's Cloud Developer Platform has attracted over 1.26 million developers and supports more than 2,800 smart product categories, showcasing its extensive ecosystem [8] Industry Trends - Data security and AI hardware innovation are identified as core demands driving the European AI market [5] - The European Commission's findings indicate that 73% of consumers reject AI applications involving cross-border data transmission, emphasizing the importance of localized data solutions [6] - The integration of various global AI models into Tuya's platform provides developers with flexibility and lowers barriers to AI hardware development [9]

Core Insights - Tuya Smart has fully integrated its smart ecosystem with Google Home APIs, enhancing compatibility and user experience in smart devices [1][3][4] - The Google Home APIs, unveiled at Google I/O 2024, facilitate the development and integration of smart home devices, allowing developers to create products that work seamlessly with Google Home [2][5] - This partnership reinforces Tuya's commitment to an open and neutral ecosystem, positioning it as a leader in the smart home market [3][6] Integration Features - The integration ensures full compatibility of Google Home with all Tuya-enabled hardware, enabling users to create diverse intelligent scenarios [4] - A notable feature is the cloud-to-cloud integration, allowing users to manage multiple devices without additional network configurations, enhancing convenience [5] - Users can control Tuya-enabled devices through both the Tuya app and Google Home app, providing a unified experience [5] Strategic Implications - The partnership exemplifies the success of Tuya's open ecosystem strategy and creates new opportunities for manufacturers globally [6] - Tuya plans to continue collaborating with global partners like Google to develop innovative smart products and solutions [6]

NEW YORK, Feb. 5, 2025 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, has announced a partnership with Chery, a Fortune Global 500 automaker, during Chery's second Ecosystem Partner Conference of Ruixiang Life (Ruixiang Life is an ecosystem brand under Chery). The collaboration aims to create a smart cockpit, accelerate the integration of automotive and home ecosystems, and offer consumers unparalleled convenience and comfort in both travel and living spaces.C ...

NEW YORK, Jan. 21, 2025 /PRNewswire/ --Tuya Smart (NYSE: TUYA, HKEX: 2391), the global cloud platform service provider today introduced a new smart door lock solution that supports both the Matter protocol and home key in Apple Wallet. This allows users to seamlessly and securely add a home key to Apple Wallet to access and unlock their homes with a simple tap of an iPhone or Apple Watch.Users can add their home key to Apple Wallet after an initial set up. The setup process is straightforward:- First, after ...

Company Analysis - Tuya (TUYA) is currently trading with a P/E ratio of 12.49, significantly lower than its industry average of 35.35 [2] - Over the last 12 months, TUYA's Forward P/E has ranged from 10.83 to 46, with a median of 19.44 [2] - TUYA has a P/S ratio of 2.87, which is below its industry average P/S of 3.95 [4] - TUYA is considered one of the market's strongest value stocks due to its undervaluation and strong earnings outlook [6] Industry Analysis - The industry average P/E ratio is 35.35, indicating a higher valuation compared to TUYA's P/E of 12.49 [2] - The industry average P/S ratio is 3.95, which is higher than TUYA's P/S ratio of 2.87 [4] Investment Strategy - Value investing focuses on identifying undervalued companies using fundamental analysis and traditional valuation metrics [3] - The P/S ratio is a popular metric among value investors as sales are harder to manipulate on an income statement [4] - Stocks with high Zacks Rank and "A" grades in the Value category are considered strong value stocks [5]

Tuya's AI Innovations at CES 2025 - Tuya showcased a suite of cutting-edge AI solutions, including the Fitness Cheerleader, Pet Feeding Assistant, and Smart Ambient Lighting, which garnered significant attention at CES 2025 [1][4] - The company's AI Agents are built on the Tuya AI Agent development platform, empowering global customers and driving business value [1] - Tuya's innovations provide new perspectives and inspiration for developer product innovation and technology upgrades [4] AI Hardware and Smart Living - AI hardware has become a powerful driving force for life transformation, making daily actions more convenient and improving quality of life [5] - Tuya and its developers showcased AI-integrated hardware products such as smart rings, smart earphones, and visual ear picks at CES 2025 [5] - The company's AI-enabled hardware is leading the new trend in technology, creating a smarter and more comfortable living environment [5] AI Smart Rings - Global shipments of AI smart rings reached 880,000 units in 2023, with projections to reach 3.1 million by 2028 [6] - Tuya is enabling developers to create innovative AI smart rings that provide detailed monthly analysis reports and personalized recommendations [6][7] - The smart rings offer features like schedule reminders and weather updates, helping users optimize fitness, sleep, and overall quality of life [7] AI Smart Earphones - AI-enabled earphones comprised 1.4% of total sales in 2024, reflecting a 763.3% increase compared to 2023 [8] - Tuya-enabled AI smart earphones can automatically record online meetings, transcribe audio into text, and generate structured meeting minutes [9] - These earphones feature intelligent analysis capabilities, helping users extract key topics and decision points from meetings [9] AI Doll and Toy Market - The global AI toy market is projected to grow from $8.7 billion in 2022 to $35.11 billion by 2030 [3] - Tuya's AI-powered smart doll debuted at CES 2025, engaging children in communication and interaction, adapting its tone and language style [10] - The doll features scenario simulation capabilities, sparking children's imagination and creativity, and will incorporate touch-sensitive features in the future [11] Fitness Cheerleader - Tuya's Fitness Cheerleader features a virtual cat character that motivates users in their fitness routines, providing encouragement and health tips [12] - Powered by AI algorithms, the cat offers professional answers to fitness, nutrition, and health questions [13] - Future updates will integrate motion skeleton modeling and AI image generation, allowing users to customize the virtual character's appearance [13] Tuya's Leadership in AI - Tuya's showcase at CES 2025 highlights the company's leadership in the smart living space and its technical expertise in AI [14] - The company remains committed to deepening market understanding, collaborating with developers, and exploring new AI devices and solutions [14]

LAS VEGAS, Jan. 10, 2025 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, successfully hosted its highly anticipated Tuya Developer Day event during CES 2025.This year's CES theme "DIVE IN" brought innovators, decision-makers, visionaries, and potential partners from across the global tech companies and ecosystem to explore cutting-edge advancements shaping modern lifestyles. Building on this vision, Tuya embraced the theme "AI DIVE IN" for its showcase, spotlig ...